For Sale
$2,900,000

155 Vineyard Ave Highland, NY 12528

95,000 SF Warehouse, 9% Cap Rate, Redevelopment Potential

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 95,000 square foot industrial property, located at 155 Vineyard Ave, Highland, NY 12528, presents a compelling redevelopment or operational opportunity. Situated on a 2.9-acre lot in Ulster County, this Class C property boasts two buildings, each two stories high, with a permitted LI zoning designation. Built in 1926 and renovated in 1968, the property features 4 loading docks and 4 dock-high doors, along with an impressive 18-foot ceiling height. Currently operating at 10% occupancy (as of March 31, 2023), this multi-tenant property offers significant upside potential. The asking price is $2,900,000, representing a price per square foot of $30.53 and a land value of $38 per square foot. The property is offered as a Net Lease and is owned by an LLC. Its prime location in a rapidly growing area makes it ideal for conversion to self-storage, residential, senior housing, or assisted living facilities. Alternatively, it can serve as a cost-effective warehouse and distribution center. This is a unique opportunity to acquire a substantial industrial property with significant redevelopment potential at an attractive price point and a 9% cap rate.

Highlights

  • $2,900,000 asking price for a 95,000 square foot industrial property.
  • 9% cap rate with 10% occupancy as of March 31, 2023.
  • Located at 155 Vineyard Ave, Highland, NY 12528, on a 2.9-acre lot.
  • Features two buildings, two stories, 18' ceilings, four loading docks, and four dock-high doors.
  • Class C property built in 1926, renovated in 1968, with LI zoning.

Property Details for 155 Vineyard Ave

Property type
Warehouses, Retirement homes
Square Feet
95,000 SF
Class
C
Year Built/Renovated
1926/1968
Buildings
2
Stories
2
Lot Size (sq. ft)
126,324 SF

Location Insight

City
Highland
County
Ulster
State
New York
Latitude
41.7140256
Longitude
-73.9731773

FAQs

What type of property is this?
Warehouse - 95,000 SF Warehouse, 9% Cap Rate, Redevelopment Potential
Where is the warehouse located?
The property is located at 155 Vineyard Ave Highland, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: $2,900,000 asking price for a 95,000 square foot industrial property.; 9% cap rate with 10% occupancy as of March 31, 2023.; Located at 155 Vineyard Ave, Highland, NY 12528, on a 2.9-acre lot.
How can I contact the broker?
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155 Vineyard Ave
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